Wayne County Real Estate and Livability Trends
Wayne County, Iowa is showing promising signs for both investors and potential residents, with average taxable income per tax return jumping to $54,231.64 in 2021. Home values, although lower than state and national averages, have seen a steady rise, hitting $98,700 in 2022. The student-to-teacher ratio dropped to 10, well below the national average, which could attract families focused on... Read more
Wayne County Market Trends
Wayne County, Iowa's housing market has seen a steady rise in median home values, reaching $98,700 in 2022, though still trailing state and national averages. Energy tax credits have fluctuated, peaking in 2020 at $1,533.33 per tax return, suggesting variability driven by external factors. Real estate taxes have generally increased over the decade, peaking at $3,128.57 in 2018, indicating higher... Read more
Median Value of Occupied Housing Units in Wayne County, Iowa Over the Last 8 Years
Wayne County, Iowa's housing market has seen a steady increase in median home values over the last eight years, with a significant jump to $98,700 in 2022. While the county’s growth appears impressive, it's worth noting that these figures still lag behind both the state of Iowa and national averages. For comparison, Iowa’s median home value reached $181,600 in 2022, and the national median hit $179,400. These trends suggest that Wayne County could present a relatively affordable investment opportunity compared to the broader state and national markets, possibly appealing to those looking for lower entry costs or potential for long-term growth.
Residential Energy Tax Credit Per Tax Return in Wayne County, IA Over the Last 6 Years
Wayne County, Iowa has seen notable fluctuations in residential energy tax credits over the last six years. Between 2013 and 2016, there was a sharp increase from an average of approximately $333.33 to $1,214.29 per tax return. By 2020, the average credit peaked at around $1,533.33, before decreasing to $950.00 in 2021. This variability suggests a dynamic landscape for energy-efficient home improvements, potentially driven by policy changes, economic factors, or evolving homeowner priorities. Such trends might be pivotal for investors, builders, and real estate agents who need to gauge the financial incentives for energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Wayne County, IA Over the Last 10 Years
Wayne County, Iowa has seen notable fluctuations in real estate taxes per tax return over the past decade, with a marked increase observed between 2012 and 2021. Starting at $1835.90 in 2012, the average real estate taxes climbed steadily, peaking at $3128.57 in 2018. While there was a dip to $2471.43 in 2020, the numbers again rose to $3100.00 in 2021. This increase suggests a growing valuation of properties and potentially greater investment in local infrastructure and services, which can be intriguing for potential buyers, investors, real estate agents, and insurance providers keeping a close eye on fiscal trends in the area.
Percentage of Farm Returns in Wayne County, IA Over the Last 10 Years
Over the last decade, Wayne County, Iowa has seen a slight increase in the percentage of farm tax returns. Starting at nearly 23.90% in 2012, the highest value occurred in 2021, reaching about 24.84%. Farm tax returns represent a crucial metric for understanding the agricultural sector's financial health, indicating both the viability of farming as a local economic driver and potential tax benefits for those investing in farmland. This trend can suggest a relatively stable farming community, which might be appealing for prospective investors or new residents looking to build or engage in agricultural activities in the area.
Number of Mortgages by Occupancy Type in Wayne County, IA Over the Last 5 Years in Wayne County
In Wayne County, Iowa, data over the past five years show a clear predominance of mortgages for principal residences compared to investment or second residences. This trend could indicate a stable demand for primary homes, providing a relatively safe bet for residential property investors. Changes in occupancy type reveal shifts in market dynamics—whether driven by broader economic conditions or local factors—which can influence everything from property values and insurance rates to agent strategies and future construction projects. For instance, a consistently high number of principal residences may signal long-term community growth and stability, making it appealing for those looking to establish roots or invest in long-term property ventures in the area.
Economic Outlook
Wayne County, Iowa has seen notable changes in average taxable income per tax return, with a significant jump from $46,750.71 in 2020 to $54,231.64 in 2021, suggesting potential appeal for investors and new residents. Meanwhile, the average state and local income taxes per tax return nearly doubled from $4,702.94 in 2012 to $9,650.00 in 2021, indicating a rising tax burden. Additionally, the total tax liability per tax return increased from $5,188.04 in 2018 to $7,471.43 in 2021, which could... Read more
Average Taxable Income per Tax Return in Wayne County, IA over the last 9 years
Wayne County, Iowa has experienced notable fluctuations in average taxable income per tax return over the past nine years. In 2013, the average was approximately $41,701.12, rising moderately in subsequent years with occasional dips as seen in 2015 at $40,505.15 and 2018 at $39,772.66. However, a significant increase is observed from 2020 to 2021, with income jumping from $46,750.71 to $54,231.64. This trend suggests an upward trajectory in earnings, which could be attractive for potential investors, developers, and new residents considering the area.
Average State and Local Income Taxes Per Tax Return in Wayne County, IA Over the Last 10 Years
Over the past decade, Wayne County, Iowa has seen a significant rise in average state and local income taxes per tax return, jumping from $4,702.94 in 2012 to a notable $9,650.00 in 2021. This upward trend, particularly sharp in recent years, reflects the growing tax burden on residents. Investors and potential homeowners should consider this when evaluating the financial landscape, as it could impact disposable income and overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Wayne County, IA Over the Last 10 Years
In Wayne County, Iowa, over the past decade, the average total tax liability per tax return has demonstrated some fluctuations but generally shows an upward trend. For example, from a lower point of $5,188.04 in 2018, the liability climbed significantly to $7,471.43 by 2021. This increase could suggest higher incomes or changes in tax policy, which might be of interest to investors and potential residents evaluating the area's economic growth and fiscal environment.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,420 | $1,934 | $927 | $1,189 |
| 1 adult 4 children | $968 | $1,159 | $1,479 | $927 | $1,321 |
| 2 adults 3 children | $968 | $1,160 | $1,678 | $927 | $964 |
| 1 adult 3 children | $968 | $947 | $1,223 | $927 | $1,057 |
| 2 adults 2 children | $795 | $949 | $1,422 | $808 | $865 |
| 1 adult 2 children | $795 | $709 | $967 | $808 | $819 |
| 2 adults 1 child | $795 | $750 | $1,165 | $423 | $799 |
| 1 adult 1 child | $795 | $485 | $711 | $423 | $661 |
| 2 adults | $604 | $603 | $909 | $0 | $646 |
| 1 adult | $581 | $329 | $455 | $0 | $555 |
Safety trends & Data
Wayne County, Iowa has seen fluctuating property crime rates over the past five years, with burglary mostly trending downwards from an initial 5 cases in 2018. Larceny-theft has remained relatively stable but peaked at 3 in 2020, while vandalism spiked to 4 in 2020 before decreasing. Fraud incidents are low, hovering around 1-2 annually, and arson and motor vehicle theft are infrequent. These crime trends could influence community safety perceptions and potentially impact real estate values and... Read more
Property Crime Trends in Wayne County, IA Over the Last 5 Years
Wayne County, Iowa has seen varied trends in property crime over the past five years. While burglary occurrences started at 5 in 2018, they have mostly trended downwards. Larceny-theft has remained relatively stable with minor fluctuations, peaking at 3 in 2020. Vandalism saw a spike in 2020 with 4 reported incidents but decreased afterwards. Fraud incidents have hovered around 1-2 each year. Arson and motor vehicle theft appear infrequent, with isolated events in 2019 and 2021 respectively. This changing landscape of property crime could impact the perception of community safety, influence real estate values, and shape future investment and insurance assessments.
Demographics
Wayne County, Iowa shows a nearly equal gender split among adults, with males and females both around 2,380. Educational attainment trends indicate a significant portion of the population holds at least a high school diploma, while advanced degrees are far less common. The age distribution skews towards older demographics, particularly those over 55 years, which might point to a potentially aging population. Racial diversity appears minimal, with the vast majority being White, and very small... Read more
Race Distribution in Wayne County, Iowa (2022)
Educational Attainment in Wayne County, Iowa (2022)
Age Distribution in Wayne County, Iowa
Citizen Population in Wayne County, Iowa (2022)
Political Trends & Data
Wayne County, Iowa, shows a strong conservative leaning, with about 75% of the 2020 Presidential Election votes favoring Republican candidates. Democrats garnered roughly 23%, and third parties received minimal support. This entrenched political landscape may influence future elections and policy directions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County, Iowa, exhibits a strong preference for Republican candidates, with approximately 75% of the votes going to the GOP in the 2020 Presidential Election. Democrats received around 23%, while third parties, including Libertarian and Green, collectively accounted for a small fraction of the vote. This distribution of votes suggests a deeply entrenched political landscape that leans heavily conservative, which could be significant for future elections and policy decisions in the county.
75.39% of voters voted for the Republican party in the 2020 Presidential Election
23.38% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wayne County, Iowa has seen the student-to-teacher ratio dipping below the national average of 14 students per teacher, reaching a notable low of 10 in 2021. This trend might attract families seeking high-quality education and can be a selling point for real estate agents. Lower ratios could potentially boost home values and make the area more desirable for new residents, investors, and developers. This aspect may also influence appraisers and insurance agents in their valuation processes when... Read more
Student-to-teacher ratio in Wayne County, Iowa over the last 10 years
Over the past decade, Wayne County, Iowa has observed variations in the student-to-teacher ratio, with numbers frequently dipping below the national average of fourteen students per teacher. Most notable was 2021, when the ratio dropped to ten, providing a more personalized education experience. This trend could be appealing for families prioritizing educational quality, as well as real estate agents highlighting the unique benefits of the local school system. Lower ratios can also potentially impact home values and the desirability of the region for new residents, investors, and developers looking to build or expand within the community. Additionally, the trend may be of significant interest to appraisers and insurance agents who consider educational factors as part of their valuation assessments.
